The reopening of the U.S. economy has D.A. Davidson betting on Ulta Beauty as a stock that could benefit in the march back to normalcy. Matt Maley of Miller Tabak lays out the technical case as to why that's the right move.
Analysts at the firm initiated Ulta Beauty with a buy rating on Thursday, calling it the "Ulta-mate of all reopening trades" as consumers pivot back to beauty and wellness.
"It had a nice run like every other stock did off the March lows, but then it pulled back at the beginning of the summer. But, when it did, it created a much higher low and a very nice base there, and then it's rallied back up. Now it's trying to push up and follow that higher low with a key higher high," Maley told CNBC's "A higher high would establish the reversal of the downtrend. Now it faces its crucial next test, said Maley.
Gina Sanchez, CEO of Chantico Global, sees Ulta Beauty as a survivor in the retail space even in a lackluster economic recovery.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
ماركة المكياج Beauty Blender تطرح مجموعة بها ٣٢ درجة كريم أساس جديدةتتسابق الماركات العالمية في إرضاء حاجة النساء، ولذلك قررت Beauty Blender أن ترضي رغبة الكثيرات في اختيار درجة لون كريم الأساس المناسب لكل بشرة أي كان لونها.
Weiterlesen »
Must Read: Cynthia Erivo Covers 'InStyle' Beauty Issue, Chris Benz Exits J.CrewPlus, Jari Jones and Munroe Bergdorf star in Teen Vogue's September 2020 edition.
Weiterlesen »
5 French Beauty Secrets Every Woman Should Follow, According to Marie AntoinetteFrom her bathing rituals to D.I.Y. skincare, the former French Queen's most infamous beauty secrets.
Weiterlesen »